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30.04.2012 10:10 AM
IBM Shares Survey according to the Point and Figure Charting for April 30, 2012

 

IBM shares continued the ascending movement. Having overcome another resistance level 207.2, IBM shares provided the strong signal for Buy-deals.

Presently the main target for sellers is seen at the resistance level 210.4. In case it has been overcome, the way to the point 212.0 will open.

The point 200.0 is considered as the support level. If it has been passed through, the current signal for Buy-deals will be cancelled providing the weak signal for Sell-deals against the main tendency.

Relative strength index of IBM shares is located in the X column indicating the purchasers’ force. As long as the main tendency remains uprising, today it is recommended to buy IBM shares with first target seen at the point 210.4.

 

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